EVバッテリー市場 – 2035年までの世界予測

Report Overview

The global EV Battery market is projected to reach USD 91.93 billion in 2024 to USD 251.33 billion in 2035, at a CAGR of 9.6% from 2024-2035.

世界のEVバッテリー市場は、2024年から2035年にかけて9.6%のCAGRで成長し、2024年には919億3,000万米ドル、2035年には2,513億3,000万米ドルに達すると予測されています。

The EV battery market is experiencing rapid growth driven by increasing electric vehicle adoption, advancements in battery technology, and supportive government policies. Growing demand for longer-range, faster-charging batteries has spurred innovations such as Honda’s plan to produce solid-state batteries offering up to 620 miles on a single charge by 2024. Additionally, partnerships and investments are fueling expansion, such as Stellantis and CATL’s USD 4.2 billion venture for a lithium iron phosphate battery plant in Spain, announced in December 2024. With OEMs launching new EV models and battery manufacturers scaling production, the EV battery market is poised for significant expansion.

EVバッテリー市場は、電気自動車の導入の増加、バッテリー技術の進歩、政府の支援政策によって急速に成長しています。より長距離でより高速に充電できるバッテリーに対する需要の高まりは、2024年までに1回の充電で最大620マイル走行できる全固体電池を生産するというホンダの計画などのイノベーションに拍車をかけている。さらに、2024年12月に発表されたステランティスとCATLによるスペインのリン酸鉄リチウム電池工場への42億ドルの事業など、パートナーシップと投資が拡大を促進している。生産規模の拡大により、EV用バッテリー市場は大幅に拡大する見込みです。

“Solid-state battery is expected to show a significant growth rate in the EV battery market during the forecast period.”

Solid-state batteries are anticipated to witness significant growth in the EV battery market due to their potential to revolutionize energy density, safety, and charging efficiency. These batteries replace the liquid electrolyte found in conventional lithium-ion batteries with a solid electrolyte, offering enhanced thermal stability, reduced risk of fires, and longer lifespans. Their higher energy density can substantially increase EV range while enabling faster charging times, making them a game-changer for EV adoption. Recent developments underscore their growing momentum. In December 2024, Honda announced plans to produce solid-state batteries for EVs capable of delivering up to 620 miles (1,000 kilometers) on a single charge—more than double the range of many existing electric vehicles. Similarly, in September 2024, Factorial collaborated with Mercedes-Benz to develop the Solstice battery, an all-solid-state battery featuring a novel dry cathode design. This innovation promises an energy density of up to 450Wh/kg and more efficient, sustainable production processes, marking a significant leap in solid-state battery technology. With leading automotive and battery companies intensifying their R&D efforts and governments incentivizing advancements in battery technology, solid-state batteries are poised to play a pivotal role in shaping the future of the EV market, addressing key challenges like range anxiety, safety concerns, and charging infrastructure limitations.

“Passenger Car is expected to hold the largest share in the EV Battery market during the forecast period.”

Passenger cars are expected to dominate the EV battery market over the study period, capturing the largest market share due to surge in consumer demand, supportive government policies, and the increasing availability of diverse EV models. Governments worldwide are implementing stringent regulations on vehicle emissions and offering subsidies to promote EV adoption, driving passenger car sales. Additionally, advancements in EV battery technology, such as enhanced energy density, faster charging, and lower costs, have made electric passenger cars more accessible to the mass market. Major automotive OEMs are gearing up for this transition, with several passenger car EV models slated for release in the coming years. For instance, Renault’s highly anticipated Renault 5 E-Tech, set for a 2026 launch, will feature advanced lithium-ion batteries sourced from AESC. Similarly, Mercedes-Benz plans to introduce the EQA 300 4MATIC in 2025, equipped with a high-performance NMC battery provided by SK ON, a subsidiary of SK Innovation. These vehicles highlight the rising demand for advanced EV batteries, driving innovation and production growth in the battery industry. Advances in battery chemistry, such as the shift from LFP to NMC and NCA, are boosting energy density and driving ranges, fueling market expansion. Collaborations between OEMs and battery manufacturers are accelerating high-performance battery development. For instance, in November 2024, LG Energy Solution announced a five-year agreement to supply 4695 cylindrical lithium-ion batteries for Rivian’s R2.

Investments in new technologies like solid-state batteries and silicon anode chemistries, along with scaling production through gigafactories, are further enhancing market growth. These trends underscore the synergy between OEMs and battery makers, positioning the passenger car segment as the largest driver of the EV battery market and advancing the global shift to sustainable transportation.

“Europe set to witness a notable growth in EV battery market during the forecast period.”

Europe is poised to experience remarkable growth in the EV battery market over the forecast period, fueled by stringent emission reduction targets, rising EV demand, and increasing investments in battery infrastructure. The EU’s March 2023 law mandates zero CO₂ emissions for all new cars sold by 2035, alongside a 55% reduction in CO₂ emissions by 2030 compared to 2021 levels. These ambitious targets are driving the rapid decarbonization of new car fleets, significantly boosting EV adoption and, consequently, the EV battery market. While the EU has pledged a legal pathway for e-fuels vehicles beyond 2035, the focus remains on zero-emission solutions for cars and vans. European OEMs are heavily investing in EV and battery developments. For instance, in December 2024, Stellantis NV and CATL announced an estimated USD 4.3 billion joint venture to build a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Similarly, BMW Group plans to open five battery factories near auto manufacturing hubs, including facilities in Lower Bavaria and Debrecen, Hungary, to support its Neue Klasse electric vehicles.

Key battery manufacturers are also expanding their presence in Europe. Major players like Northvolt, LG Energy Solution, and CATL are establishing battery gigafactories to meet the growing demand. These developments underscore Europe’s commitment to becoming a global leader in EV batteries, supported by progressive policies, a robust automotive ecosystem, and increasing investments from OEMs and suppliers.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

• By Company Type: Tier I – 37%, Tier II – 41%, and Tier III – 22%
• By Designation: Directors – 31%, Managers – 45%, and Others – 24%
• By Region: Asia Pacific – 33%, North America – 39%, and Europe – 28%

The EV Battery market is dominated by major players, including Contemporary Amperex Technology Co., Limited (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), CALB (China), SK Innovation Co., Ltd. (South Korea) and more. These companies are expanding their portfolios to strengthen their EV battery market position.

Research Coverage:

The report covers the EV Battery market in terms of Battery Capacity (<50 kWh, 51-110 kWh, 111-201 kWh, 201-300 kWh, > 301 kWh), Battery Form (Prismatic, Pouch, Cylindrical), Battery Type (Lithium-ion, Nickel-metal Hydride, Solid-state, Sodium-ion), Lithium-ion Battery Component (Negative Electrode, Positive Electrode, Electrolyte, Separator), Material Type (Cobalt, Lithium, Natural Graphite, Manganese, Iron, Phosphate, Nickel), Method (Wire Bonding, Laser Bonding, Ultrasonic Metal Welding), Propulsion (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle), Vehicle Type (Passenger Cars, Vans/Light Trucks, Medium & Heavy Trucks, Buses, Off-highway Vehicles), and Region. It covers the competitive landscape and company profiles of the significant EV Battery market players.

The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

• The report will help market leaders/new entrants with information on the closest approximations of revenue numbers for the EV Battery market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
• The report also helps stakeholders understand the current and future pricing trends of the EV Battery market.
• The report will help market leaders/new entrants with information on various trends in EV Battery market based on component, battery form, region, and other parameters.

The report provides insight on the following pointers:

• Analysis of key drivers (Government incentives and OEM investments accelerate EV battery demand, Advancements in battery technologies leading the charge for EV battery market, Government strategies for EV adoption driving battery market boom, Declining EV battery prices boost market accessibility and growth), restraints (Geopolitical instabilities and supply chain disruptions pose risks to EV battery expansion, Charging infrastructure deficit hinders EV adoption in emerging economies, Emergence of alternative fuels to create a potential restraint for the EV batteries), opportunities (The growing role of Battery-as-a-Service in EV battery market boom, Innovative solid-state batteries creating new growth prospects for the EV battery, ESS advancements creating new paths for EV battery market growth), and challenges (High initial costs hindering the proliferation of the EV battery market, Lithium shortages jeopardizing the growth of the EV battery, Safety concerns hindering the expansion of the EV battery market, Cost disparity Between EVs and conventional vehicles to create a hurdle for EV battery expansion)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the EV Battery market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the EV Battery market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the EV Battery market.
• Competitive Assessment: In-depth assessment of market share, growth strategies, and service offerings of leading players like Contemporary Amperex Technology Co., Limited (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), CALB (China), and SK Innovation Co., Ltd. (South Korea) among others in EV Battery market.

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   29

1.3           STUDY SCOPE   33

1.3.1        MARKET SEGMENTATION           33

1.3.2        INCLUSIONS & EXCLUSIONS       33

1.4           YEARS CONSIDERED      35

1.5           CURRENCY CONSIDERED            35

1.6           UNIT CONSIDERED        35

1.7           STAKEHOLDERS               36

1.8           SUMMARY OF CHANGES               36

2               RESEARCH METHODOLOGY       37

2.1           RESEARCH DATA              37

2.1.1        SECONDARY DATA          38

2.1.1.1    Secondary sources                39

2.1.1.2    Key data from secondary sources       40

2.1.2        PRIMARY DATA 41

2.1.2.1    Primary interviews from demand and supply sides         41

2.1.2.2    Breakdown of primary interviews      41

2.1.2.3    Primary participants             42

2.1.2.4    Objectives of primary research           43

2.2           MARKET SIZE ESTIMATION         43

2.2.1        BOTTOM-UP APPROACH              45

2.2.2        TOP-DOWN APPROACH                46

2.3           DATA TRIANGULATION                47

2.4           FACTOR ANALYSIS          49

2.5           RESEARCH ASSUMPTIONS & CONSIDERATIONS                 49

2.6           RESEARCH LIMITATIONS             50

2.7           RISK ASSESSMENT           51

3               EXECUTIVE SUMMARY  53

4               PREMIUM INSIGHTS       57

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EV BATTERY MARKET          57

4.2           EV BATTERY MARKET, BY REGION           58

4.3           EV BATTERY MARKET, BY BATTERY CAPACITY 58

4.4           EV BATTERY MARKET, BY BATTERY FORM          59

4.5           EV BATTERY MARKET, BY BATTERY TYPE            59

4.6           EV BATTERY MARKET, BY MATERIAL TYPE          60

4.7           EV BATTERY MARKET, BY PROPULSION                60

4.8           EV BATTERY MARKET, BY VEHICLE TYPE             61

5               MARKET OVERVIEW       62

5.1           INTRODUCTION              62

5.2           MARKET DYNAMICS       62

5.2.1        DRIVERS               63

5.2.1.1    Rise in government incentives and OEM investments   63

5.2.1.2    Advancements in battery technologies              63

5.2.1.3    Government strategies to promote adoption of EVs      64

5.2.1.4    Declining prices of EV batteries         66

5.2.2        RESTRAINTS      67

5.2.2.1    Geopolitical instability and supply chain disruptions     67

5.2.2.2    Shortage of charging infrastructure in emerging economies                 70

5.2.2.3    Emergence of alternative fuel options               70

5.2.3        OPPORTUNITIES              71

5.2.3.1    Growth of BaaS in EV battery market’s boom 71

5.2.3.2    Development of innovative solid-state batteries              72

5.2.3.3    Advancements in ESSs        72

5.2.4        CHALLENGES    73

5.2.4.1    High initial cost    73

5.2.4.2    Shortage of lithium               73

5.2.4.3    Safety concerns     74

5.2.4.4    Cost disparity between electric and conventional vehicles                 75

5.3           TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS            77

5.4           RAPID DEVELOPMENT OF NEVS TO DRIVE GROWTH OF EV BATTERY MARKET    77

5.5           ANALYSIS OF PRICE AND COST OF LITHIUM-ION BATTERIES         78

5.6           PRICING ANALYSIS          79

5.6.1        AVERAGE SELLING PRICE OF KEY PLAYERS FOR PASSENGER CARS             79

5.6.2        AVERAGE SELLING PRICE, BY REGION   80

5.7           IMPACT OF AI ON EV BATTERY MARKET               80

5.8           ECOSYSTEM ANALYSIS  81

5.9           VALUE CHAIN ANALYSIS               83

5.10         CASE STUDY ANALYSIS 84

5.10.1      BYD DEVELOPED BLADE BATTERY TO PRIORITIZE SAFETY AND DURABILITY WITHOUT COMPROMISING PERFORMANCE 84

5.10.2      WIPRO PARI LEVERAGED COGNEX’S ADVANCED MACHINE VISION SYSTEM TO ADDRESS COMPLEXITIES OF EV BATTERY MANUFACTURING      84

5.10.3      NORTHVOLT ADOPTED AUTODESK’S INTEGRATED SOFTWARE SOLUTION TO IMPLEMENT DIGITAL FACTORY APPROACH THAT CONNECTS BATTERY DESIGN AND MANUFACTURING          85

5.10.4      MAXWELL ENERGY OFFERED CUTTING-EDGE ULTRACAPACITOR TECHNOLOGY TO ENHANCE ENERGY RECOVERY AND POWER DELIVERY         85

5.11         INVESTMENT AND FUNDING SCENARIO               86

5.12         PATENT ANALYSIS          87

5.13         TECHNOLOGY ANALYSIS             91

5.13.1      KEY TECHNOLOGIES     91

5.13.1.1  Lithium-ion and other battery chemistries       91

5.13.2      COMPLEMENTARY TECHNOLOGIES       92

5.13.2.1  Cell-to-pack (CTP) technology          92

5.13.3      ADJACENT TECHNOLOGIES       93

5.13.3.1  Cell-to-chassis battery technology     93

5.14         HS CODE: LITHIUM CELLS AND BATTERIES (850650)                 93

5.14.1      IMPORT DATA  93

5.14.2      EXPORT DATA  95

5.15         REGULATORY LANDSCAPE         96

5.15.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             96

5.15.2      REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERIES         100

5.16         KEY CONFERENCES & EVENTS, 2025–2026              102

5.17         KEY STAKEHOLDERS & BUYING CRITERIA            103

5.17.1      KEY STAKEHOLDERS IN BUYING PROCESS           103

5.17.2      BUYING CRITERIA           104

5.18         OEM ANALYSIS 106

5.18.1      INITIATIVES UNDERTAKEN AND INVESTMENTS IN LITHIUM BY BATTERY MANUFACTURERS/OEMS              106

5.18.1.1  Lithium-ion battery cells (cathode type): OEMs and key suppliers 107

5.19         SUPPLIER ANALYSIS       107

6               EV BATTERY MARKET, BY BATTERY TYPE            116

6.1           INTRODUCTION              117

6.2           LITHIUM-ION    119

6.2.1        CONTINUOUS IMPROVEMENTS IN BATTERY CHEMISTRY TO DRIVE MARKET                119

6.2.2        LITHIUM IRON PHOSPHATE       122

6.2.3        NICKEL MANGANESE COBALT   124

6.2.4        LITHIUM IRON MANGANESE PHOSPHATE            125

6.2.5        OTHERS                127

6.3           NICKEL-METAL HYDRIDE            128

6.3.1        LARGE-SCALE ADOPTION OF NIMH BATTERIES IN HEVS TO DRIVE GROWTH        128

6.4           SOLID-STATE    129

6.4.1        ADVANCEMENTS IN SOLID-STATE TECHNOLOGY TO DRIVE DEMAND               129

6.5           OTHER BATTERY TYPES               131

6.6           KEY PRIMARY INSIGHTS                132

7               EV BATTERY MARKET, BY MATERIAL TYPE          133

7.1           INTRODUCTION              134

7.2           COBALT               136

7.2.1        SUPPORT FOR HIGH-PERFORMANCE BATTERY CHEMISTRIES TO DRIVE MARKET            136

7.3           LITHIUM              137

7.3.1        HIGH ENERGY DENSITY OF LITHIUM TO BOOST ITS DEMAND IN EV BATTERIES         137

7.4           NATURAL GRAPHITE     138

7.4.1        USE OF NATURAL GRAPHITE AS ANODE MATERIAL TO BOOST ITS GROWTH     138

7.5           MANGANESE     140

7.5.1        VERSATILITY IN CATHODE CHEMISTRIES TO DRIVE MARKET               140

7.6           IRON     141

7.6.1        WIDESPREAD AVAILABILITY OF IRON TO BOOST ITS USAGE AS KEY BATTERY COMPONENT 141

7.7           PHOSPHATE      142

7.7.1        ABUNDANCE AND AVAILABILITY OF PHOSPHATE TO DRIVE MARKET 142

7.8           NICKEL 143

7.8.1        FOCUS ON ACHIEVING HIGH ENERGY DENSITY TO DRIVE MARKET 143

7.9           OTHER MATERIAL TYPES             144

7.10         KEY PRIMARY INSIGHTS                145

8               EV BATTERY MARKET, BY BATTERY FORM          146

8.1           INTRODUCTION              147

8.2           PRISMATIC         150

8.2.1        HIGH ENERGY DENSITY AND BETTER DURABILITY OF PRISMATIC BATTERIES TO DRIVE DEMAND        150

8.3           POUCH 152

8.3.1        SPACE EFFICIENCY OF POUCH CELLS TO DRIVE MARKET               152

8.4           CYLINDRICAL    153

8.4.1        MECHANICAL STABILITY OF CYLINDRICAL CELLS TO DRIVE MARKET 153

8.5           KEY PRIMARY INSIGHTS                155

9               EV BATTERY MARKET, BY PROPULSION                156

9.1           INTRODUCTION              157

9.2           BEV        158

9.2.1        ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET               158

9.3           PHEV     160

9.3.1        REDUCED FUEL CONSUMPTION OF PHEVS TO DRIVE DEMAND FOR ADVANCED EV BATTERIES            160

9.4           FCEV     161

9.4.1        HEAVY-DUTY, COMMERCIAL APPLICATIONS OF FCEVS TO DRIVE MARKET FOR BATTERIES       161

9.5           HEV        163

9.6           KEY PRIMARY INSIGHTS                163

10            EV BATTERY MARKET, BY VEHICLE TYPE             164

10.1         INTRODUCTION              165

10.2         PASSENGER CAR               171

10.2.1      GOVERNMENT POLICIES AND ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET      171

10.3         VAN/LIGHT TRUCK         173

10.3.1      GROWTH OF LAST-MILE DELIVERY SERVICE AND E-COMMERCE TO DRIVE MARKET                173

10.4         MEDIUM & HEAVY TRUCK            175

10.4.1      CORPORATE SUSTAINABILITY GOALS AND ADVANCEMENTS IN BATTERY AND CHARGING INFRASTRUCTURE TO DRIVE MARKET  175

10.5         BUS        177

10.5.1      GROWING FOCUS ON SUSTAINABLE URBAN TRANSPORTATION TO DRIVE MARKET 177

10.6         OFF-HIGHWAY VEHICLES             179

10.6.1      NEED FOR HEAVY-DUTY VEHICLES TO DRIVE DEMAND FOR ROBUST BATTERIES              179

10.7         KEY PRIMARY INSIGHTS                182

11            EV BATTERY MARKET, BY BATTERY CAPACITY 183

11.1         INTRODUCTION              184

11.2         < 50 KWH             186

11.2.1      NEED FOR URBAN-FRIENDLY, AFFORDABLE BATTERY PACKS TO DRIVE MARKET           186

11.3         50–110 KWH        187

11.3.1      RISING DEMAND FOR ELECTRIC VANS/LIGHT TRUCKS TO DRIVE MARKET         187

11.4         111–200 KWH      189

11.4.1      INCREASING DEMAND FOR COMMERCIAL EVS TO DRIVE MARKET 189

11.5         201–300 KWH      190

11.5.1      NEED FOR ELECTRIC PICKUP TRUCKS TO DRIVE DEMAND FOR BATTERIES            190

11.6         > 301 KWH           191

11.6.1      RISING ADOPTION OF HEAVY-DUTY ELECTRIC VEHICLES TO DRIVE MARKET    191

11.7         KEY PRIMARY INSIGHTS                192

12            EV BATTERY MARKET, BY METHOD        193

12.1         INTRODUCTION              193

12.2         WIRE BONDING                194

12.3         LASER BONDING              194

12.4         ULTRASONIC METAL WELDING                194

13            EV BATTERY MARKET, BY LITHIUM-ION BATTERY COMPONENT    195

13.1         INTRODUCTION              195

13.2         POSITIVE ELECTRODE  199

13.3         NEGATIVE ELECTRODE                199

13.4         ELECTROLYTE  199

13.5         SEPARATOR       200

14            EV BATTERY MARKET, BY REGION           201

14.1         INTRODUCTION              202

14.2         ASIA PACIFIC     204

14.2.1      MACROECONOMIC OUTLOOK  204

14.2.2      CHINA  209

14.2.2.1  Advancements in battery technologies to drive market  209

14.2.3      INDIA    212

14.2.3.1  Focus on reducing harmful emissions and expansion of domestic battery production to drive market    212

14.2.4      JAPAN   214

14.2.4.1  Emphasis on greenhouse gas reduction to fuel market growth                 214

14.2.5      SOUTH KOREA  216

14.2.5.1  Rising technological advancements and support from local manufacturers to boost market           216

14.3         EUROPE               219

14.3.1      MACROECONOMIC OUTLOOK  219

14.3.2      GERMANY           225

14.3.2.1  Presence of leading OEMs like BMW, Mercedes-Benz, and Volkswagen to drive market                225

14.3.3      FRANCE                227

14.3.3.1  Push for clean mobility through policies to drive market                 227

14.3.4      ITALY    229

14.3.4.1  Rising focus on electrifying public transport to drive market                 229

14.3.5      UK          232

14.3.5.1  Stringent emission reduction targets and government-backed policies to drive growth       232

14.3.6      SPAIN    234

14.3.6.1  Large-scale investments in battery plants and consumer demand for sustainable vehicles to drive market            234

14.3.7      NORWAY              236

14.3.7.1  Adoption of EVs by consumers and ambitious electrification goals by government to drive market          236

14.3.8      SWEDEN              239

14.3.8.1  Commitment to decarbonization to fuel demand for EV batteries                 239

14.3.9      DENMARK           241

14.3.9.1  Rapid innovations and increase in sustainability policies to propel market    241

14.4         NORTH AMERICA             243

14.4.1      MACROECONOMIC OUTLOOK  244

14.4.2      US           248

14.4.2.1  Government investments and initiatives to boost EV sales                 248

14.4.3      CANADA               250

14.4.3.1  Expansion of OEMs and development of new manufacturing facilities to boost market     250

15            COMPETITIVE LANDSCAPE         253

15.1         INTRODUCTION              253

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024                 253

15.3         REVENUE ANALYSIS       255

15.4         MARKET SHARE ANALYSIS, 2024                 256

15.5         EV BATTERY MARKET SHARE TREND ANALYSIS                 258

15.6         COMPANY VALUATION AND FINANCIAL METRICS                 259

15.7         BRAND/PRODUCT COMPARISON             260

15.8         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 261

15.8.1      STARS   261

15.8.2      EMERGING LEADERS     261

15.8.3      PERVASIVE PLAYERS      261

15.8.4      PARTICIPANTS 261

15.8.5      COMPANY FOOTPRINT 263

15.8.5.1  Company footprint               263

15.8.5.2  Region footprint   264

15.8.5.3  Battery form footprint          265

15.8.5.4  Battery type footprint          266

15.8.5.5  Propulsion footprint             267

15.9         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        267

15.9.1      PROGRESSIVE COMPANIES         267

15.9.2      RESPONSIVE COMPANIES            267

15.9.3      DYNAMIC COMPANIES  268

15.9.4      STARTING BLOCKS         268

15.9.5      COMPETITIVE BENCHMARKING               269

15.9.5.1  List of startups/SMEs          269

15.9.5.2  Competitive benchmarking of startups/SMEs 270

15.10       COMPETITIVE SCENARIO             271

15.10.1   PRODUCT LAUNCHES/DEVELOPMENTS               271

15.10.2   DEALS  272

15.10.3   EXPANSION        274

15.10.4   OTHER DEVELOPMENTS              275

16            COMPANY PROFILES      277

16.1         KEY PLAYERS     277

16.1.1      CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED              277

16.1.1.1  Business overview 277

16.1.1.2  Products offered   278

16.1.1.3  Recent developments           279

16.1.1.3.1                Product launches/developments        279

16.1.1.3.2                Deals      280

16.1.1.3.3                Other developments             284

16.1.1.4  MnM view              284

16.1.1.4.1                Key strengths        284

16.1.1.4.2                Strategic choices   285

16.1.1.4.3                Weaknesses and competitive threats 285

16.1.2      BYD COMPANY LTD.      286

16.1.2.1  Business overview 286

16.1.2.2  Products offered   287

16.1.2.3  Recent developments           288

16.1.2.3.1                Product launches/developments        288

16.1.2.3.2                Deals      288

16.1.2.3.3                Expansion              289

16.1.2.3.4                Other developments             290

16.1.2.4  MnM view              290

16.1.2.4.1                Key strengths        290

16.1.2.4.2                Strategic choices   290

16.1.2.4.3                Weaknesses and competitive threats 290

16.1.3      LG ENERGY SOLUTION 291

16.1.3.1  Business overview 291

16.1.3.2  Products offered   292

16.1.3.3  Recent developments           293

16.1.3.3.1                Deals      293

16.1.3.3.2                Expansion              295

16.1.3.3.3                Other developments             295

16.1.3.4  MnM view              296

16.1.3.4.1                Key strengths        296

16.1.3.4.2                Strategic choices   296

16.1.3.4.3                Weaknesses and competitive threats 296

16.1.4      CALB     297

16.1.4.1  Business overview 297

16.1.4.2  Products offered   298

16.1.4.3  Recent developments           299

16.1.4.3.1                Product launches/developments        299

16.1.4.3.2                Deals      299

16.1.4.3.3                Other developments             300

16.1.4.4  MnM view              300

16.1.4.4.1                Key strengths        300

16.1.4.4.2                Strategic choices   300

16.1.4.4.3                Weaknesses and competitive threats 300

16.1.5      SK INNOVATION CO. LTD.           301

16.1.5.1  Business overview 301

16.1.5.2  Products offered   302

16.1.5.3  Recent developments           303

16.1.5.3.1                Product launches/developments        303

16.1.5.3.2                Deals      304

16.1.5.3.3                Other developments             305

16.1.5.4  MnM view              306

16.1.5.4.1                Key strengths        306

16.1.5.4.2                Strategic choices   306

16.1.5.4.3                Weaknesses and competitive threats 306

16.1.6      PANASONIC HOLDINGS CORPORATION                307

16.1.6.1  Business overview 307

16.1.6.2  Products offered   308

16.1.6.3  Recent developments           309

16.1.6.3.1                Product launches/developments        309

16.1.6.3.2                Deals      310

16.1.6.3.3                Expansion              311

16.1.6.3.4                Other developments             312

16.1.7      SAMSUNG SDI   313

16.1.7.1  Business overview 313

16.1.7.2  Products offered   314

16.1.7.3  Recent developments           315

16.1.7.3.1                Product launches/developments        315

16.1.7.3.2                Deals      315

16.1.7.3.3                Expansion              316

16.1.7.3.4                Other developments             317

16.1.8      GOTION               318

16.1.8.1  Business overview 318

16.1.8.2  Products offered   319

16.1.8.3  Recent developments           320

16.1.8.3.1                Product launches/developments        320

16.1.8.3.2                Deals      320

16.1.8.3.3                Expansion              321

16.1.9      SUNWODA ELECTRONIC CO., LTD.          322

16.1.9.1  Business overview 322

16.1.9.2  Products/Solutions offered 323

16.1.9.2.1                Deals      324

16.1.9.2.2                Expansion              325

16.1.9.2.3                Other developments             326

16.1.10   FARASIS ENERGY (GANZHOU) CO., LTD.               327

16.1.10.1                 Business overview 327

16.1.10.2                 Products offered   328

16.1.10.3                 Recent developments           329

16.1.10.3.1             Product launches/developments        329

16.1.10.3.2             Deals      329

16.1.10.3.3             Expansion              330

16.1.11   TOSHIBA CORPORATION             331

16.1.11.1                 Business overview 331

16.1.11.2                 Products offered   332

16.1.11.3                 Recent developments           333

16.1.11.3.1             Product launches/developments        333

16.1.11.3.2             Deals      334

16.1.12   MITSUBISHI CORPORATION       335

16.1.12.1                 Business overview 335

16.1.12.2                 Products offered   336

16.1.12.3                 Recent developments           337

16.1.12.3.1             Product launches/developments        337

16.1.12.3.2             Deals      337

16.1.12.3.3             Expansion              338

16.1.12.3.4             Other developments             338

16.1.13   ENERSYS              339

16.1.13.1                 Business overview 339

16.1.13.2                 Products offered   340

16.1.13.3                 Recent developments           341

16.1.13.3.1             Deals      341

16.1.13.3.2             Expansion              341

16.1.13.3.3             Other developments             341

16.2         OTHER PLAYERS              342

16.2.1      EXIDE INDUSTRIES LIMITED      342

16.2.2      E-ONE MOLI ENERGY CORP.       343

16.2.3      TARGRAY TECHNOLOGY INTERNATIONAL INC.                 344

16.2.4      ALTAIR NANOTECHNOLOGIES INC.        345

16.2.5      CLARIOS               345

16.2.6      NORTHVOLT AB               346

16.2.7      LECLANCHÉ SA 347

16.2.8      ENVISION GROUP            348

16.2.9      A123 SYSTEMS (SUBSIDIARY OF WANXIANG GROUP)                 349

16.2.10   GS YUASA INTERNATIONAL LTD.             350

16.2.11   AUTOMOTIVE ENERGY SUPPLY CORPORATION                 351

16.2.12   REPT BATTERO ENERGY CO LTD.            352

16.2.13   AUTOMOTIVE CELLS COMPANY               353

16.2.14   BLUEOVAL SK   354

16.2.15   CELLFORCE GROUP GMBH         355

16.2.16   ULTIUM CELLS 356

16.2.17   ONE BATTERY  357

16.2.18   SILA NANOTECHNOLOGIES INC.              358

16.2.19   MORROW BATTERIES    359

17            RECOMMENDATIONS BY MARKETSANDMARKETS                 360

17.1         ASIA PACIFIC TO LEAD MARKET FOR EV BATTERIES DURING FORECAST PERIOD       360

17.2         LITHIUM-ION BATTERIES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       360

17.3         PASSENGER CAR SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD    361

17.4         SOLID-STATE BATTERIES SEGMENT TO CREATE OPPORTUNITIES FOR BATTERY MANUFACTURERS         361

17.5         CONCLUSION    362

18            APPENDIX           363

18.1         INSIGHTS FROM INDUSTRY EXPERTS     363

18.2         DISCUSSION GUIDE        363

18.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                367

18.4         CUSTOMIZATION OPTIONS        369

18.4.1      EV BATTERY MARKET, BY PROPULSION TYPE (COUNTRY LEVEL)          369

18.4.2      EV BATTERY MARKET, BY BATTERY CAPACITY (VEHICLE TYPE LEVEL) 369

18.4.3      COMPANY INFORMATION           369

18.4.3.1  Profiling of additional market players (up to five)          369

18.5         RELATED REPORTS         369

18.6         AUTHOR DETAILS           370

LIST OF TABLES

TABLE 1                EV BATTERY MARKET DEFINITION, BY BATTERY TYPE 29

TABLE 2                EV BATTERY MARKET DEFINITION, BY LITHIUM-ION BATTERY COMPONENT  30

TABLE 3                EV BATTERY MARKET DEFINITION, BY PROPULSION     30

TABLE 4                EV BATTERY MARKET DEFINITION, BY VEHICLE TYPE     31

TABLE 5                EV BATTERY MARKET DEFINITION, BY MATERIAL TYPE               31

TABLE 6                EV BATTERY MARKET DEFINITION, BY METHOD             32

TABLE 7                EV BATTERY MARKET DEFINITION, BY BATTERY FORM                32

TABLE 8                INCLUSIONS & EXCLUSIONS       33

TABLE 9                USD EXCHANGE RATES, 2019–2024            35

TABLE 10              ADVANCEMENTS IN BATTERY TECHNOLOGIES, 2023–2024              64

TABLE 11              REGULATIONS AND POLICIES FOR EVS, BY KEY COUNTRY            65

TABLE 12              CHARGING TIME OF EVS OPERATING IN US, BY CHARGER TYPE                 66

TABLE 13              TOTAL EV CHARGING POINTS IN EMERGING COUNTRIES, 2024              70

TABLE 14              IMPACT OF MARKET DYNAMICS ON EV BATTERY MARKET          76

TABLE 15              AVERAGE SELLING PRICE OF KEY PLAYERS FOR PASSENGER CARS,

2024 (USD/KWH)               79

TABLE 16              AVERAGE SELLING PRICE, BY REGION, 2022–2024 (USD/KWH)               80

TABLE 17              ROLE OF PLAYERS IN ECOSYSTEM           82

TABLE 18              FUNDING, BY USE CASE, 2022–2024           86

TABLE 19              PATENTS GRANTED, 2022–2024  88

TABLE 20              IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY,  2019–2023 (USD MILLION)            94

TABLE 21              EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY,  2019–2023 (USD MILLION)            95

TABLE 22              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 96

TABLE 23              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           97

TABLE 24              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 98

TABLE 25              REGULATORY CHANGES, BY COUNTRY/REGION         99

TABLE 26              REGULATIONS/VOLUNTARY PROCEDURES FOR PERFORMANCE MEASUREMENT OF EV BATTERIES, BY KEY COUNTRY/REGION         100

TABLE 27              REGULATIONS/VOLUNTARY PROCEDURES FOR DURABILITY MEASUREMENT OF EV BATTERIES, BY KEY COUNTRY/REGION         100

TABLE 28              REGULATIONS/VOLUNTARY PROCEDURES TO ENSURE SAFETY OF EV BATTERIES,  BY COUNTRY         101

TABLE 29              REGULATIONS/VOLUNTARY PROCEDURES FOR RECYCLING EV BATTERIES, BY KEY COUNTRY/REGION 101

TABLE 30              KEY CONFERENCES & EVENTS, 2025–2026                 102

TABLE 31              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE (%)               103

TABLE 32              KEY BUYING CRITERIA, BY VEHICLE TYPE                 104

TABLE 33              LITHIUM-ION BATTERY CELLS (CATHODE TYPE): OEMS AND KEY SUPPLIERS           107

TABLE 34              EV BATTERY SUPPLIERS, 2024–2026          107

TABLE 35              EV BATTERY MARKET, BY BATTERY TYPE, 2019–2023 (THOUSAND UNITS)             117

TABLE 36              EV BATTERY MARKET, BY BATTERY TYPE, 2024–2030 (THOUSAND UNITS)             118

TABLE 37              EV BATTERY MARKET, BY BATTERY TYPE, 2031–2035 (THOUSAND UNITS)             118

TABLE 38              TYPES OF BATTERIES USED IN CURRENT AND UPCOMING EV MODELS,

2025–2026              118

TABLE 39              LITHIUM-ION: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)                120

TABLE 40              LITHIUM-ION: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)                121

TABLE 41              LITHIUM-ION: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)                121

TABLE 42              COMPARISON BETWEEN LITHIUM-ION BATTERY CHEMISTRIES                121

TABLE 43              LITHIUM IRON PHOSPHATE: EV BATTERY MARKET, BY REGION,

2019–2023 (THOUSAND UNITS)  123

TABLE 44              LITHIUM IRON PHOSPHATE: EV BATTERY MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  123

TABLE 45              LITHIUM IRON PHOSPHATE: EV BATTERY MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  123

TABLE 46              NICKEL MANGANESE COBALT: EV BATTERY MARKET, BY REGION,

2019–2023 (THOUSAND UNITS)  124

TABLE 47              NICKEL MANGANESE COBALT: EV BATTERY MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  125

TABLE 48              NICKEL MANGANESE COBALT: EV BATTERY MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  125

TABLE 49              LITHIUM IRON MANGANESE PHOSPHATE: EV BATTERY MARKET, BY REGION,  2019–2023 (THOUSAND UNITS) 126

TABLE 50              LITHIUM IRON MANGANESE PHOSPHATE: EV BATTERY MARKET, BY REGION,  2024–2030 (THOUSAND UNITS) 126

TABLE 51              LITHIUM IRON MANGANESE PHOSPHATE: EV BATTERY MARKET, BY REGION,  2031–2035 (THOUSAND UNITS) 126

TABLE 52              OTHERS: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)  127

TABLE 53              OTHERS: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)  127

TABLE 54              OTHERS: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)  128

TABLE 55              NICKEL-METAL HYDRIDE: EV BATTERY MARKET, BY REGION,

2019–2023 (THOUSAND UNITS)  128

TABLE 56              NICKEL-METAL HYDRIDE: EV BATTERY MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  129

TABLE 57              NICKEL-METAL HYDRIDE: EV BATTERY MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  129

TABLE 58              SOLID-STATE: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)                130

TABLE 59              SOLID-STATE: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)                130

TABLE 60              SOLID-STATE: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)                130

TABLE 61              OTHER BATTERY TYPES: EV BATTERY MARKET, BY REGION,

2019–2023 (THOUSAND UNITS)  131

TABLE 62              OTHER BATTERY TYPES: EV BATTERY MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  132

TABLE 63              OTHER BATTERY TYPES: EV BATTERY MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  132

TABLE 64              EV BATTERY MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)            135

TABLE 65              EV BATTERY MARKET, BY MATERIAL TYPE, 2024–2030 (USD MILLION)            135

TABLE 66              EV BATTERY MARKET, BY MATERIAL TYPE, 2031–2035 (USD MILLION)            135

TABLE 67              COBALT: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)            136

TABLE 68              COBALT: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)            136

TABLE 69              COBALT: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)            137

TABLE 70              LITHIUM: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)            137

TABLE 71              LITHIUM: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)            138

TABLE 72              LITHIUM: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)            138

TABLE 73              NATURAL GRAPHITE: EV BATTERY MARKET, BY REGION,

2019–2023 (USD MILLION)            139

TABLE 74              NATURAL GRAPHITE: EV BATTERY MARKET, BY REGION,

2024–2030 (USD MILLION)            139

TABLE 75              NATURAL GRAPHITE: EV BATTERY MARKET, BY REGION,

2031–2035 (USD MILLION)            139

TABLE 76              MANGANESE: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)          140

TABLE 77              MANGANESE: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)          140

TABLE 78              MANGANESE: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)          140

TABLE 79              IRON: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)       141

TABLE 80              IRON: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)       141

TABLE 81              IRON: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)       141

TABLE 82             PHOSPHATE: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)            142

TABLE 83             PHOSPHATE: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)            142

TABLE 84             PHOSPHATE: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)            143

TABLE 85              NICKEL: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)            143

TABLE 86              NICKEL: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)            143

TABLE 87              NICKEL: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)            144

TABLE 88              OTHER MATERIAL TYPES: EV BATTERY MARKET, BY REGION,

2019–2023 (USD MILLION)            144

TABLE 89              OTHER MATERIAL TYPES: EV BATTERY MARKET, BY REGION,

2024–2030 (USD MILLION)            145

TABLE 90              OTHER MATERIAL TYPES: EV BATTERY MARKET, BY REGION,

2031–2035 (USD MILLION)            145

TABLE 91              EV BATTERY MARKET, BY BATTERY FORM, 2019–2023 (THOUSAND UNITS)  147

TABLE 92              EV BATTERY MARKET, BY BATTERY FORM, 2024–2030 (THOUSAND UNITS)  148

TABLE 93              EV BATTERY MARKET, BY BATTERY FORM, 2031–2035 (THOUSAND UNITS)  148

TABLE 94              BATTERY FORMS USED IN EV MODELS, 2024–2026        148

TABLE 95              BATTERY FORMS: ADVANTAGES AND DISADVANTAGES            150

TABLE 96              PRISMATIC: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)  151

TABLE 97              PRISMATIC: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)  151

TABLE 98              PRISMATIC: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)  151

TABLE 99              POUCH: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)  152

TABLE 100            POUCH: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)  153

TABLE 101            POUCH: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)  153

TABLE 102            CYLINDRICAL: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)                154

TABLE 103            CYLINDRICAL: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)                154

TABLE 104            CYLINDRICAL: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)                155

TABLE 105            EV BATTERY MARKET, BY PROPULSION, 2019–2023 (MWH)        157

TABLE 106            EV BATTERY MARKET, BY PROPULSION, 2024–2030 (MWH)        158

TABLE 107            EV BATTERY MARKET, BY PROPULSION, 2031–2035 (MWH)        158

TABLE 108            BEST-SELLING BEVS IN US, 2024                 159

TABLE 109            BEV: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)             159

TABLE 110            BEV: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)             159

TABLE 111            BEV: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)             160

TABLE 112            PHEV: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)             160

TABLE 113            PHEV: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)             161

TABLE 114            PHEV: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)             161

TABLE 115            FCEV: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)             162

TABLE 116            FCEV: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)             162

TABLE 117            FCEV: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)             162

TABLE 118            EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH)        165

TABLE 119            EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH)        166

TABLE 120            EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)        166

TABLE 121            EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)       166

TABLE 122            EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)       167

TABLE 123            EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)       167

TABLE 124            UPCOMING EV MODELS, 2025–2026          168

TABLE 125            CURRENT AND UPCOMING EV MODELS, 2024–2025        169

TABLE 126            CURRENT AND UPCOMING ELECTRIC COMMERCIAL VEHICLES, 2023–2026         170

TABLE 127            PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2019–2023 (MWH)           171

TABLE 128            PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2024–2030 (MWH)           171

TABLE 129            PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2031–2035 (MWH)           171

TABLE 130            PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)          172

TABLE 131            PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)          172

TABLE 132            PASSENGER CAR: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)          172

TABLE 133            VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2019–2023 (MWH)           173

TABLE 134            VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2024–2030 (MWH)           173

TABLE 135            VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2031–2035 (MWH)           173

TABLE 136            VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)          174

TABLE 137            VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)          174

TABLE 138            VAN/LIGHT TRUCK: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)          174

TABLE 139            MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,  2019–2023 (MWH)              175

TABLE 140            MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,  2024–2030 (MWH)              175

TABLE 141            MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,  2031–2035 (MWH)              175

TABLE 142            MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,

2019–2023 (USD MILLION)            176

TABLE 143            MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,

2024–2030 (USD MILLION)            176

TABLE 144            MEDIUM & HEAVY TRUCK: EV BATTERY MARKET, BY REGION,

2031–2035 (USD MILLION)            176

TABLE 145            POPULAR ELECTRIC BUS MODELS          177

TABLE 146            BUS: EV BATTERY MARKET, BY REGION, 2019–2023 (MWH)        177

TABLE 147            BUS: EV BATTERY MARKET, BY REGION, 2024–2030 (MWH)        178

TABLE 148            BUS: EV BATTERY MARKET, BY REGION, 2031–2035 (MWH)        178

TABLE 149            BUS: EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION)       178

TABLE 150            BUS: EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)       178

TABLE 151            BUS: EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION)       179

TABLE 152            MAJOR ELECTRIC OFF-HIGHWAY VEHICLE MODELS               179

TABLE 153            OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,  2019–2023 (MWH) 180

TABLE 154            OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,  2024–2030 (MWH) 180

TABLE 155            OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,  2031–2035 (MWH) 181

TABLE 156            OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,

2019–2023 (USD MILLION)            181

TABLE 157            OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,

2024–2030 (USD MILLION)            181

TABLE 158            OFF-HIGHWAY VEHICLE: EV BATTERY MARKET, BY REGION,

2031–2035 (USD MILLION)            181

TABLE 159            BATTERY CAPACITY OF POPULAR EV MODELS                 184

TABLE 160            EV BATTERY MARKET, BY BATTERY CAPACITY, 2019–2023 (THOUSAND UNITS)  185

TABLE 161            EV BATTERY MARKET, BY BATTERY CAPACITY, 2024–2030 (THOUSAND UNITS)  185

TABLE 162            EV BATTERY MARKET, BY BATTERY CAPACITY, 2031–2035 (THOUSAND UNITS)  186

TABLE 163            < 50 KWH: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)  186

TABLE 164            < 50 KWH: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)  187

TABLE 165            < 50 KWH: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)  187

TABLE 166            50–110 KWH: EV BATTERY MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)  188

TABLE 167            50–110 KWH: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)  188

TABLE 168            50–110 KWH: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)  188

TABLE 169          111–200 KWH: EV BATTERY MARKET, BY REGION,

2019–2023 (THOUSAND UNITS)  189

TABLE 170          111–200 KWH: EV BATTERY MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  189

TABLE 171          111–200 KWH: EV BATTERY MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  189

TABLE 172          201–300 KWH: EV BATTERY MARKET, BY REGION, 2019–2023 (UNITS)            190

TABLE 173          201–300 KWH: EV BATTERY MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  190

TABLE 174          201–300 KWH: EV BATTERY MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  191

TABLE 175            > 301 KWH: EV BATTERY MARKET, BY REGION, 2019–2023 (UNITS)            191

TABLE 176            > 301 KWH: EV BATTERY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)  192

TABLE 177            > 301 KWH: EV BATTERY MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)  192

TABLE 178            ELECTROLYTE SOLVENTS IN LITHIUM-ION BATTERIES         195

TABLE 179            COMMONLY USED LITHIUM-ION BATTERIES AND THEIR SPECIFICATIONS     196

TABLE 180            CATHODE MATERIAL SUPPLIERS FOR EV MODELS, 2023–2024          196

TABLE 181            ANODE MATERIAL SUPPLIERS FOR EV MODELS, 2023–2024              198

TABLE 182            EV BATTERY MARKET, BY REGION, 2019–2023 (MWH)  202

TABLE 183            EV BATTERY MARKET, BY REGION, 2024–2030 (MWH)  203

TABLE 184            EV BATTERY MARKET, BY REGION, 2031–2035 (MWH)  203

TABLE 185            EV BATTERY MARKET, BY REGION, 2019–2023 (USD MILLION) 203

TABLE 186            EV BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION) 203

TABLE 187            EV BATTERY MARKET, BY REGION, 2031–2035 (USD MILLION) 204

TABLE 188            ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2019–2023 (MWH)      207

TABLE 189            ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2024–2030 (MWH)      208

TABLE 190            ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2031–2035 (MWH)      208

TABLE 191            ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     208

TABLE 192            ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     208

TABLE 193            ASIA PACIFIC: EV BATTERY MARKET, BY COUNTRY, 2031–2035 (USD MILLION)     209

TABLE 194            CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH) 210

TABLE 195            CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH) 210

TABLE 196            CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH) 210

TABLE 197            CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)                211

TABLE 198            CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                211

TABLE 199            CHINA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)                211

TABLE 200          INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH)              212

TABLE 201          INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH)              212

TABLE 202          INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)              213

TABLE 203          INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)            213

TABLE 204          INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)            213

TABLE 205          INDIA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)            214

TABLE 206          JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH)              214

TABLE 207          JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH)              215

TABLE 208          JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)              215

TABLE 209          JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)            215

TABLE 210          JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)            216

TABLE 211          JAPAN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)            216

TABLE 212            SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH)              217

TABLE 213            SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH)              217

TABLE 214            SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)              217

TABLE 215            SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE,

2019–2023 (USD MILLION)            218

TABLE 216            SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          218

TABLE 217            SOUTH KOREA: EV BATTERY MARKET, BY VEHICLE TYPE,

2031–2035 (USD MILLION)            218

TABLE 218            EUROPE: EV BATTERY MARKET, BY COUNTRY, 2019–2023 (MWH)              222

TABLE 219            EUROPE: EV BATTERY MARKET, BY COUNTRY, 2024–2030 (MWH)              223

TABLE 220            EUROPE: EV BATTERY MARKET, BY COUNTRY, 2031–2035 (MWH)              223

TABLE 221            EUROPE: EV BATTERY MARKET, BY COUNTRY, 2019–2023 (USD MILLION)            223

TABLE 222            EUROPE: EV BATTERY MARKET, BY COUNTRY, 2024–2030 (USD MILLION)            224

TABLE 223            EUROPE: EV BATTERY MARKET, BY COUNTRY, 2031–2035 (USD MILLION)            224

TABLE 224            GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH) 225

TABLE 225            GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH) 225

TABLE 226            GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH) 226

TABLE 227            GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)                226

TABLE 228            GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                226

TABLE 229            GERMANY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)                226

TABLE 230            FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH) 227

TABLE 231            FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH) 228

TABLE 232            FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH) 228

TABLE 233            FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)                228

TABLE 234            FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                229

TABLE 235            FRANCE: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)                229

TABLE 236          ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (KWH)               230

TABLE 237          ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH)              230

TABLE 238          ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)              230

TABLE 239          ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)            231

TABLE 240          ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)            231

TABLE 241          ITALY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)            231

TABLE 242            UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH)              232

TABLE 243            UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH)              232

TABLE 244            UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)              233

TABLE 245            UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)            233

TABLE 246            UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)            233

TABLE 247            UK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)            233

TABLE 248          SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (KWH)               234

TABLE 249          SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (KWH)               235

TABLE 250          SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)              235

TABLE 251          SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD THOUSAND)      235

TABLE 252          SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)            236

TABLE 253          SPAIN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)            236

TABLE 254            NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH) 237

TABLE 255            NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH) 237

TABLE 256            NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH) 237

TABLE 257            NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)                238

TABLE 258            NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                238

TABLE 259            NORWAY: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)                238

TABLE 260            SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (KWH) 239

TABLE 261            SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH) 239

TABLE 262            SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH) 240

TABLE 263            SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD THOUSAND)         240

TABLE 264            SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                240

TABLE 265            SWEDEN: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)                241

TABLE 266            DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (KWH) 241

TABLE 267            DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH) 242

TABLE 268            DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH) 242

TABLE 269            DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)                242

TABLE 270            DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                243

TABLE 271            DENMARK: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)                243

TABLE 272            NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2019–2023 (MWH)      247

TABLE 273            NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2024–2030 (MWH)      247

TABLE 274            NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2031–2035 (MWH)      247

TABLE 275            NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     247

TABLE 276            NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     247

TABLE 277            NORTH AMERICA: EV BATTERY MARKET, BY COUNTRY, 2031–2035 (USD MILLION)     248

TABLE 278            US: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH)              248

TABLE 279            US: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH)              249

TABLE 280            US: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH)              249

TABLE 281            US: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)            249

TABLE 282            US: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)            250

TABLE 283            US: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)            250

TABLE 284            CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (MWH) 251

TABLE 285            CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (MWH) 251

TABLE 286            CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (MWH) 251

TABLE 287            CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)                252

TABLE 288            CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)                252

TABLE 289            CANADA: EV BATTERY MARKET, BY VEHICLE TYPE, 2031–2035 (USD MILLION)                252

TABLE 290            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024        253

TABLE 291            EV BATTERY MARKET SHARE ANALYSIS, 2024                 257

TABLE 292            EV BATTERY MARKET SHARE TREND ANALYSIS, 2022–2024              258

TABLE 293            EV BATTERY MARKET: REGION FOOTPRINT                 264

TABLE 294            EV BATTERY MARKET: BATTERY FORM FOOTPRINT       265

TABLE 295            EV BATTERY MARKET: BATTERY TYPE FOOTPRINT       266

TABLE 296            EV BATTERY MARKET: PROPULSION FOOTPRINT       267

TABLE 297            EV BATTERY MARKET: LIST OF STARTUPS/SMES                 269

TABLE 298            EV BATTERY MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (1/2)         270

TABLE 299            EV BATTERY MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (2/2)         270

TABLE 300            EV BATTERY MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,

MARCH 2020–DECEMBER 2024    271

TABLE 301            EV BATTERY MARKET: DEALS, MARCH 2020–DECEMBER 2024                272

TABLE 302            EV BATTERY MARKET: EXPANSION, MARCH 2020–DECEMBER 2024     274

TABLE 303          EV BATTERY MARKET: OTHER DEVELOPMENTS, MARCH 2020–DECEMBER 2024    275

TABLE 304            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW               277

TABLE 305            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED                278

TABLE 306            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES/DEVELOPMENTS          279

TABLE 307            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS               280

TABLE 308            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: OTHER DEVELOPMENTS         284

TABLE 309            BYD COMPANY LTD.: COMPANY OVERVIEW                 286

TABLE 310            BYD COMPANY LTD.: PRODUCTS OFFERED                 287

TABLE 311            BYD COMPANY LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    288

TABLE 312            BYD COMPANY LTD.: DEALS      288

TABLE 313            BYD COMPANY LTD.: EXPANSION            289

TABLE 314            BYD COMPANY LTD.: OTHER DEVELOPMENTS                 290

TABLE 315            LG ENERGY SOLUTION: COMPANY OVERVIEW                 291

TABLE 316            LG ENERGY SOLUTION: R&D OVERVIEW                 291

TABLE 317            LG ENERGY SOLUTION: PRODUCTS OFFERED                 292

TABLE 318            LG ENERGY SOLUTION: DEALS 293

TABLE 319            LG ENERGY SOLUTION: EXPANSION      295

TABLE 320            LG ENERGY SOLUTION: OTHER DEVELOPMENTS              295

TABLE 321            CALB: COMPANY OVERVIEW      297

TABLE 322            CALB: PRODUCTS OFFERED       298

TABLE 323            CALB: PRODUCT LAUNCHES/DEVELOPMENTS                 299

TABLE 324            CALB: DEALS     299

TABLE 325            CALB: OTHER DEVELOPMENTS 300

TABLE 326            SK INNOVATION CO. LTD.: COMPANY OVERVIEW          301

TABLE 327            SK INNOVATION CO. LTD.: PRODUCTS OFFERED             302

TABLE 328            SK INNOVATION CO. LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    303

TABLE 329            SK INNOVATION CO. LTD.: DEALS           304

TABLE 330            SK INNOVATION CO. LTD.: OTHER DEVELOPMENTS              305

TABLE 331            PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW   307

TABLE 332            PANASONIC HOLDINGS CORPORATION: PRODUCTS OFFERED    308

TABLE 333            PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS               309

TABLE 334            PANASONIC HOLDINGS CORPORATION: DEALS                 310

TABLE 335            PANASONIC HOLDINGS CORPORATION: EXPANSION        311

TABLE 336            PANASONIC HOLDINGS CORPORATION: OTHER DEVELOPMENTS              312

TABLE 337            SAMSUNG SDI: COMPANY OVERVIEW    313

TABLE 338            SAMSUNG SDI: PRODUCTS OFFERED     314

TABLE 339            SAMSUNG SDI: PRODUCT LAUNCHES/DEVELOPMENTS    315

TABLE 340            SAMSUNG SDI: DEALS   315

TABLE 341            SAMSUNG SDI: EXPANSION         316

TABLE 342            SAMSUNG SDI: OTHER DEVELOPMENTS                 317

TABLE 343            GOTION: COMPANY OVERVIEW                318

TABLE 344            GOTION: PRODUCTS OFFERED 319

TABLE 345            GOTION: PRODUCT LAUNCHES/DEVELOPMENTS    320

TABLE 346            GOTION: DEALS               320

TABLE 347            GOTION: EXPANSION    321

TABLE 348            SUNWODA ELECTRONIC CO., LTD.: COMPANY OVERVIEW          322

TABLE 349            SUNWODA ELECTRONIC CO., LTD.: PRODUCTS OFFERED             323

TABLE 350            SUNWODA ELECTRONIC CO., LTD.: DEALS                 324

TABLE 351            SUNWODA ELECTRONIC CO., LTD.: EXPANSION                 325

TABLE 352            SUNWODA ELECTRONIC CO., LTD.: OTHER DEVELOPMENTS              326

TABLE 353            FARASIS ENERGY (GANZHOU) CO., LTD.: COMPANY OVERVIEW   327

TABLE 354            FARASIS ENERGY (GANZHOU) CO., LTD.: PRODUCTS OFFERED    328

TABLE 355            FARASIS ENERGY (GANZHOU) CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS               329

TABLE 356            FARASIS ENERGY (GANZHOU) CO., LTD.: DEALS                 329

TABLE 357            FARASIS ENERGY (GANZHOU) CO., LTD.: EXPANSION        330

TABLE 358            TOSHIBA CORPORATION: COMPANY OVERVIEW          331

TABLE 359            TOSHIBA CORPORATION: PRODUCTS OFFERED                 332

TABLE 360            TOSHIBA CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS    333

TABLE 361            TOSHIBA CORPORATION: DEALS             334

TABLE 362            MITSUBISHI CORPORATION: COMPANY OVERVIEW          335

TABLE 363            MITSUBISHI CORPORATION: PRODUCTS OFFERED             336

TABLE 364            MITSUBISHI CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS    337

TABLE 365            MITSUBISHI CORPORATION: DEALS       337

TABLE 366            MITSUBISHI CORPORATION: EXPANSION                 338

TABLE 367            MITSUBISHI CORPORATION: OTHER DEVELOPMENTS              338

TABLE 368            ENERSYS: COMPANY OVERVIEW               339

TABLE 369            ENERSYS: PRODUCTS OFFERED                340

TABLE 370            ENERSYS: DEALS               341

TABLE 371            ENERSYS: EXPANSION   341

TABLE 372            ENERSYS: OTHER DEVELOPMENTS         341

TABLE 373            EXIDE INDUSTRIES LIMITED: COMPANY OVERVIEW          342

TABLE 374            E-ONE MOLI ENERGY CORP: COMPANY OVERVIEW          343

TABLE 375            TARGRAY TECHNOLOGY INTERNATIONAL INC.: COMPANY OVERVIEW        344

TABLE 376            ALTAIR NANOTECHNOLOGIES INC.: COMPANY OVERVIEW          345

TABLE 377            CLARIOS: COMPANY OVERVIEW               345

TABLE 378            NORTHVOLT AB: COMPANY OVERVIEW                 346

TABLE 379            LECLANCHÉ SA: COMPANY OVERVIEW 347

TABLE 380            ENVISION GROUP: COMPANY OVERVIEW                 348

TABLE 381            A123 SYSTEMS: COMPANY OVERVIEW    349

TABLE 382            GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW          350

TABLE 383            AUTOMOTIVE ENERGY SUPPLY CORPORATION: COMPANY OVERVIEW 351

TABLE 384            REPT BATTERO ENERGY CO LTD.: COMPANY OVERVIEW          352

TABLE 385            AUTOMOTIVE CELLS COMPANY: COMPANY OVERVIEW          353

TABLE 386            BLUEOVAL SK: COMPANY OVERVIEW    354

TABLE 387            CELLFORCE GROUP GMBH: COMPANY OVERVIEW          355

TABLE 388            ULTIUM CELLS: COMPANY OVERVIEW  356

TABLE 389            ONE BATTERY: COMPANY OVERVIEW   357

TABLE 390            SILA NANOTECHNOLOGIES INC.: COMPANY OVERVIEW          358

TABLE 391            MORROW BATTERIES: COMPANY OVERVIEW                 359

LIST OF FIGURES

FIGURE 1              RESEARCH DESIGN         37

FIGURE 2              RESEARCH DESIGN MODEL         38

FIGURE 3              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           44

FIGURE 4              BOTTOM-UP APPROACH              45

FIGURE 5              TOP-DOWN APPROACH                46

FIGURE 6              DATA TRIANGULATION                47

FIGURE 7              GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS               48

FIGURE 8              DEMAND- AND SUPPLY-SIDE FACTORS IMPACTING OVERALL MARKET 49

FIGURE 9              EV BATTERY MARKET OVERVIEW            54

FIGURE 10            ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD         55

FIGURE 11            LITHIUM-ION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       55

FIGURE 12            ADVANCEMENTS IN LITHIUM-ION AND SOLID-STATE BATTERY TECHNOLOGIES TO DRIVE MARKET   57

FIGURE 13            ASIA PACIFIC TO BE LARGEST MARKET IN 2024                 58

FIGURE 14            50–110 KWH SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       58

FIGURE 15            PRISMATIC SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2035               59

FIGURE 16            LITHIUM-ION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       59

FIGURE 17            IRON SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         60

FIGURE 18            BEV SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2035   60

FIGURE 19            PASSENGER CAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       61

FIGURE 20            EV BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES  62

FIGURE 21            EV SALES, BY KEY COUNTRY, 2021–2023 (USD MILLION)            63

FIGURE 22            PRICE TREND OF EV BATTERIES, 2020–2030 (USD/KWH)        67

FIGURE 23            CHINA’S CONTRIBUTION IN PRODUCTION AND PROCESSING OF CRITICAL MINERALS, 2023         68

FIGURE 24            GLOBAL COBALT RESERVES, 2024             69

FIGURE 25            GLOBAL LITHIUM RESERVES, 2024           69

FIGURE 26            BATTERY AS A SERVICE (BAAS) BUSINESS MODEL 71

FIGURE 27            ADVANTAGES OF SOLID-STATE BATTERIES                 72

FIGURE 28            SPARKION’S ENERGY STORAGE SYSTEM (ESS) WORKFLOW       73

FIGURE 29           LITHIUM-ION: DEMAND AND SUPPLY ANALYSIS, 2022–2030 (KILOTONS)  74

FIGURE 30            PRICE AND RANGE COMPARISON BETWEEN BMW I5 (EV)

AND BMW 5 SERIES (ICE)              75

FIGURE 31            TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS   77

FIGURE 32           COST STRUCTURE OF LITHIUM-ION BATTERIES, 2024        78

FIGURE 33            AVERAGE SELLING PRICE OF KEY PLAYERS FOR PASSENGER CARS,

2024 (USD/KWH)               79

FIGURE 34            AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD/KWH)   80

FIGURE 35            ECOSYSTEM ANALYSIS  81

FIGURE 36            EV BATTERY MARKET: VALUE CHAIN ANALYSIS                 83

FIGURE 37            INVESTMENT AND FUNDING SCENARIO, 2022–2024 (USD BILLION)        86

FIGURE 38            PATENT ANALYSIS, 2015–2024     87

FIGURE 39            CATL’S THIRD-GENERATION CTP TECHNOLOGY  92

FIGURE 40            ILLUSTRATION OF CELL-TO-CHASSIS APPROACH BY RWTH AACHEN UNIVERSITY       93

FIGURE 41            IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)            94

FIGURE 42            EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)            95

FIGURE 43            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE       103

FIGURE 44            KEY BUYING CRITERIA, BY VEHICLE TYPE                 104

FIGURE 45            INVESTMENT ANNOUNCEMENTS BY BATTERY MANUFACTURERS/OEMS             106

FIGURE 46            LITHIUM-ION SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD                117

FIGURE 47            EVS EQUIPPED WITH LITHIUM-ION BATTERIES                 120

FIGURE 48            LITHIUM-ION BATTERY CELL SPECIFICATIONS                 120

FIGURE 49            COMPARISON BETWEEN LFP AND LITHIUM-ION BATTERIES                122

FIGURE 50            COMPARISON BETWEEN LFP AND NCA/NMC BATTERY CHEMISTRIES                124

FIGURE 51            LITHIUM-ION: COMPARISON BETWEEN WH/KG AND WH/L          126

FIGURE 52            FEATURES AND ADVANTAGES OF SODIUM-ION BATTERIES         131

FIGURE 53            IRON SEGMENT TO ACCOUNT FOR LARGEST MARKET BY 2035               134

FIGURE 54            PRISMATIC SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD    147

FIGURE 55            EV BATTERY FORMS: SPECIFICATIONS 149

FIGURE 56            PRISMATIC BATTERY CELL SPECIFICATIONS                 150

FIGURE 57            POUCH BATTERY CELL SPECIFICATIONS                 152

FIGURE 58            CYLINDRICAL BATTERY CELL SPECIFICATIONS                 154

FIGURE 59            BEV SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         157

FIGURE 60            PASSENGER CAR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       165

FIGURE 61            > 300 KWH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD          185

FIGURE 62            WORKING PRINCIPLE OF BONDING METHODS IN BATTERY CELL            193

FIGURE 63            LITHIUM-ION BATTERY SPECIFICATIONS                 198

FIGURE 64            EV BATTERY MARKET, BY REGION, 2024 VS. 2035 (MWH)  202

FIGURE 65            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      205

FIGURE 66            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026              205

FIGURE 67            ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,

2024–2026              206

FIGURE 68            ASIA PACIFIC: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024  206

FIGURE 69            ASIA PACIFIC: EV BATTERY MARKET SNAPSHOT                 207

FIGURE 70            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      220

FIGURE 71            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        220

FIGURE 72            EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,

2024–2026              221

FIGURE 73            EUROPE: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024  221

FIGURE 74            EUROPE: EV BATTERY MARKET, BY COUNTRY, 2024 VS. 2035 (USD MILLION)      222

FIGURE 75            NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026                245

FIGURE 76            NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026      245

FIGURE 77            NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026      245

FIGURE 78            NORTH AMERICA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024         246

FIGURE 79            NORTH AMERICA: EV BATTERY MARKET SNAPSHOT          246

FIGURE 80            REVENUE ANALYSIS, 2019–2023 (USD BILLION)                 255

FIGURE 81            EV BATTERY MARKET SHARE ANALYSIS, 2024                 256

FIGURE 82            COMPANY VALUATION OF KEY PLAYERS                 259

FIGURE 83            FINANCIAL METRICS OF KEY PLAYERS  259

FIGURE 84            BRAND/PRODUCT COMPARISON             260

FIGURE 85            EV BATTERY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024     262

FIGURE 86            EV BATTERY MARKET: COMPANY FOOTPRINT                 263

FIGURE 87            EV BATTERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024               268

FIGURE 88            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT               278

FIGURE 89            BYD COMPANY LTD.: COMPANY SNAPSHOT                 287

FIGURE 90            LG ENERGY SOLUTION: COMPANY SNAPSHOT                 292

FIGURE 91            CALB: COMPANY SNAPSHOT      298

FIGURE 92            SK INNOVATION CO. LTD.: COMPANY SNAPSHOT          302

FIGURE 93            PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT   308

FIGURE 94            SAMSUNG SDI: COMPANY SNAPSHOT    314

FIGURE 95            GOTION: COMPANY SNAPSHOT                319

FIGURE 96            SUNWODA ELECTRONIC CO., LTD.: COMPANY SNAPSHOT          323

FIGURE 97            FARASIS ENERGY (GANZHOU) CO., LTD.: COMPANY SNAPSHOT   328

FIGURE 98            TOSHIBA CORPORATION: COMPANY SNAPSHOT          332

FIGURE 99            MITSUBISHI CORPORATION: COMPANY SNAPSHOT          336

FIGURE 100          ENERSYS: COMPANY SNAPSHOT               340

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